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Level 2
February 21, 2020
Question

how do I recapture the special depreciation allowance on an asset where use dropped under 50%

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5 replies

February 22, 2020

Dropping below 50% business usage does NOT trigger you to recapture Bonus depreciation.

Level 2
February 22, 2020

According to the message in ProSeries it does.  I get an error if I leave the Spl Dept amount in its field, and a pop up that it should be recaptured

February 22, 2020

Can you give more details about this asset?  For example, is it Listed Property (such as a vehicle)?  Or one of those weird special "zones" (disasters, etc.) that have special rules?

And can you confirm it is the Special Depreciation, rather than Section 179?